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UPS sees global economy getting worse

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  UPS expects the global economy to get worse before it gets better. Again.   The world’s largest package delivery company is more pessimistic about U.S. growth than many economists. It predicts global trade will grow even slower than the world’s economies — a trend not seen since the recession. It’s making cuts in its… Continue Reading UPS sees global economy getting worse

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Within the next 18 months, the Colorado Springs Chamber and EDC will have a new name, new office space, a new organizational hierarchy and a new vision. That’s the word from President and CEO Joe Raso, who spoke to a crowd of about 200 business, military and community leaders this morning, sharing his view of… Continue Reading Raso introduces self, ideals to community

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  The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June.   The report led some economists to downgrade their estimates for economic growth in the April-June quarter. Many now think the economy grew even less than in the… Continue Reading US economy appears weaker as retail sales slump

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  Falling natural gas prices are taking a toll on La Plata County’s budget.   The county was told Tuesday it could lose more than $920,000 in property-tax revenue because of a 25 percent drop in natural gas prices last year.   The assessed value of oil and gas development in the county changes annually… Continue Reading La Plata County losing taxes from natural gas

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U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring. Job openings rose to a seasonally adjusted 3.6 million, the Labor Department said Tuesday. That’s up from 3.4 million in April. It’s also the second-highest level in nearly four years, just behind March’s 3.7 million.   Still,… Continue Reading U.S. job openings rose in May, good sign for hiring

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  A sobering economic snapshot intensified the presidential campaign on Friday as President Barack Obama rolled through two vote-rich battleground states and Republican Mitt Romney fended off conservative complaints about his plan for winning.   A stand-pat jobless report that left the unemployment rate unchanged at 8.2 percent set a new standard from which to… Continue Reading As Obama campaigns, jobs numbers sure to set tone

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The Greater Colorado Springs Chamber and EDC rallied business leaders, city and county officials, utility representatives, and bankers to form a rapid response team for businesses affected by the fire. Continue Reading Groups rally to support businesses in recovery

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HBA offers resources for rebuilding

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As homeowners start the process of rebuilding houses destroyed or damaged by the Waldo Canyon fire, the Colorado Springs Housing and Building Association wants to help. So it is partnering with the Pikes Peak Regional Building Department, El Paso County and the  City of Colorado Springs to make sure residents have a list of reputable building… Continue Reading HBA offers resources for rebuilding

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Esuite 360, which leases short-term office space and manages virtual offices, is offering space to businesses impacted by the Waldo Canyon Fire. The company has offices in three Colorado Springs locations, where displaced businesses can set up temporary offices free or at discounted rates. Business owners just need to send their stories in to Esuite.… Continue Reading Temporary office company offers space to displaced businesses

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Colorado’s economy is adding jobs at a faster rate than last year, and manufacturers are benefitting from expansion in the energy industry. That’s the latest word from the Goss Institute for Economic Research, which issues monthly reports about the economies in the mountain region – made up of Colorado, Utah and Wyoming. “Colorado’s job additions… Continue Reading Colorado’s hiring up in 2012, trend not expected to continue

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